Work Contract Agreement Format in India

WORK
AGREEMENT

THIS DEED OF agreement made at
______________________ on this the Day
of __________________Between Mr._________________, S/O ___________________
Resident of __________________ herein after referred to a Part of the First
Part; (the terms Party of the First Part shall wherever the context admits,
mean and include his heirs, legal representatives, executors and assigns) and
M/S _________________________________ a Company registered under the Companies
Act, 1956, having its Corporate Office,
_______________________________________________________ Dist, represented by
its General Manager, Mr. ___________ S/O ______________, R/O Shakarnagar,
Bodhan herein after called part of the Second Part (the term Party of the
Second Part shall wherever the context
admit, mean and include their heirs, legal representatives, Administrators,
Successors-in-interest and assigns).

WHEREAS The Party of the First Part is in
the business of supplying Sugar Cane through his own transport System.

ANDWHEREAS the Party of the Second Part is
carrying on the business of manufacturing Sugar and its allied Products by
procuring Sugar Cane.

ANDWHEREAS the Party of the First Part
desired to supply Sugar Cane to the Party of the Second part.

AND WHEREAS the Party of the Second Part
has agreed to take the Sugar Cane from the Part of the First Part.

And whereas both
the party of the First part and Party of the Party of Second Part have
considered expedient that the terms and conditions of the contract of supplying
Cane to the party of the Second Part by the party of the First Part should be
reduced into writing and incorporated in this contract.

NOW
THEREFORE THIS DEED:

1.The Party of the
First Part agrees to supply Sugar Cane to the Party of the Second part on the
mutually agreed rate and the rate is fixed as Free on Road Price to
_____________ for the crushing season

2.The Party of the
First part shall supply minimum of ____________ MTs of Sugar Cane to the Party
of the Second Part during the season 2008-09.

3.The Party of the
First Part shall arrange required number of Lorries for the above Purpose. For which the Party of the Second Part agrees
to pay Rs. _________ ( Rupees _________only) to meet Transportation Charges to
the Party of the First Part.

4.The Party of the
Second Part hereby agrees to pay above sum of Rs. ________( Rupees
______________ only) as interest free advance to the Party of the First
Part. The Party of the Second Part has
this day paid the same by cheque NO. ___________________ Dated ____________
drawn on ________ Bank, _______________ in favour of the party of the First
Part, the receipt of which sum the party of the First Part hereby admits and
acknowledges. Both the parties hereby
agree that the said advance will be adjusted against the supply of sugar cane.

5.The Party of the
First part agrees to deposit two “C” Books, in Original, of the Lorries owned
by the Party of the First part, as security for the above advance paid by the
Party of the Second Part, which will be returned at the time of settlement.

6.Party of the First
part agrees to refund the above Advance of Rs. 1,20,000/- ( Rupees one lakh
twenty thousand only) with 15% interest
from the date of receipt of the advance to the Party of the Second Part, in
case the Party of the First part fails to supply the cane through his
transportation.

7.Further the Party
of the First part agrees to pay the rate existing in 2008-09 season as Damages
to the Party of the Second Part, in case the Party of the First part fails to
supply the Sugar Cane as per clause 2 of this agreement.

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Neetu Singh is the founder of
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.Neetu Singh holds an Engineering degree in Computer Science with MBA Degree in Finance and Human Resource (HR). Currently she is running a Global Manpower Consultancy.
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